I didn't sign anything at all at the start of mine. I was never asked about PPI either.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
!st ever post ,i don't know if this helps my friend but am in the same boat ,also with VN 3 payments left,got the letters today .does anyone know if this optional.the thought of this carrying on another 6 months is devastating ,i know how you feel but we are nearly there keep your chin up
Unfortunately I don't think it is optional. VN seem set on doing this at the moment. Did you have PPI at all phoenix? If not then they can do nothing and if you did, I wonder if it would make a difference if you said that you weren't missold.
There have been several threads about this over the past week or so and it does look as though you have to do it.
Welcome to the forum by the way.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I can understand it if you were mis-sold, but if you were not and you make a claim, you are really committing fraud (not serious fraud, but in effect you are costing insurance customers more money in the long-run).
I am seriously concerned the way they are treating this issue - I've only even been pushed into taking PPI once as I was desperate for the loan and my 'good' friend HSBC pressured me. I've given authority for my IP to be the named contact as my claim is with the ombudsman (since before my IVA). I would not be happy to make a claim unless I felt the circs warranted it.
Exactly - the claims industry now is just getting out of hand. At least with PPI it has a limited shelf life.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have to admit Kallis3 i have no recollection of taking out PPi but they seem to be saying they have information to that effect ,now this seems bait rich that they intend to claim for pip from the very people they are meant to be recovering money from ,am surprised the creditors are standing for this .but to be honest i am not surprised.as i have long since come to the conclusion that the only real benefactors of an IVA is the IP
It will get paid back to the creditors though so they'll get a better dividend.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Thanks once again for all the advice, Phoenix I'm glad mike me your almost at the end, My last is in April next year. My wife and I have had a long look at the letter from VN,from advice on here it seems that the only down side is a possible delay to the completion certificate and is not going to add to or extend the payments. Ironically I just went to see if we had had any mail on Saturday and I have had a copy of exactly the same paperwork form VN that I recieved on Friday!!
1 If the PPI was genuinely missold - then any claim is an asset of the IVA (unless the proposal dictates otherwise) and any claim will swell the pot for the other creditors.
2 Your IP firm is no doubt going to receive a fee for processing the work, do if you are intending to claim do be sure that the claim is a genuine one. I don't see why they need a power of attorney if you are a willing participant in the matter.
3 The IVA will naturally be delayed if this matter is not resolved by the 60 month point. You must take a view as to whether it is worth your while in processing the claim, as no one can force you into it.
Last edited by MelanieGiles on Sun Oct 30, 2011 6:44 pm, edited 1 time in total.
It's because some unscrupulous people are targetting the old records from the Insolvency Service to contact people who have had IVA's telling them they could claim back PPI after they have got hold of their completion certificates.
Whilst you're under the terms of your IVA, the PPI would have to be shared amongst all creditors if you claimed.
Perhaps a better solution would be to sign away any rights to claiming PPI before getting the certificate. That way the creditors do not get claims post IVA which is what I think this really boils down to. You get your certificate sooner and everyone is happy, just a suggestion Varden Nuttal et al.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
Thank you for your take on this. Mel, which generally is in accord with mine. However, some IP's are (or have been) giving the impression that the IVA will fail if the debtor does not pursue a claim through them. If I were to be approached by my company in this fashion my first instinct would be to refuse, as I firmly bekieve I have no mis-sold PPI. Could my IP fail my IVA on grounds of non-cooperation ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
If you knew what you were doing though then you should not claim for it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi All! I haven't been on the forum for a while but got this disgustingly threatening and bullying letter this evening. They are most definitely saying that they will fail our ivas for withholding monies due to creditors if we do not pursue a claim. I do have a claim but will now tell them PPI wasn't mis-sold. They are also threatening any client pursuing a claim with anyone other than their nominated firm that all monies will be taken into the iva and none released to pay the fees! Absolute ****ers. I am so annoyed!!!
It's only missold if you did not realise you took it, or did not realise what it covered. So making a claim for misselling could be seen as fraud in those cases where you realised what you were getting/covered for, how anyone can force someone to make a claim like that is beyond me.
Last edited by TheMatrix on Sun Oct 30, 2011 9:56 pm, edited 1 time in total.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
